Actual
672.01
Daily Change
-2.74 -0.41%
Monthly
-0.29%
Yearly
33.67%
Q3 Forecast
682.20
Wheat - Summary

Wheat prices traded around $6.7 per bushel in mid-August, remaining at its highest level since July 24, as escalating tensions in the Black Sea continued to fuel concerns over global grain supplies. Russia rejected the prospect of a Black Sea ceasefire with Ukraine, saying it saw no basis for “half-measures” that would provide relief to its opponent. Russia and Ukraine have intensified attacks on commercial shipping in the Black Sea in recent weeks, disrupting trade flows and driving grain prices higher. Reflecting these risks, the US Department of Agriculture lowered its outlook for Russian and Ukrainian grain exports, cutting its forecast for Russia’s 2026/27 wheat exports to 46 million tonnes and Ukraine’s to 13.5 million tonnes. Additional support came from deteriorating crop conditions in the southern US Plains, where persistent dryness has raised concerns ahead of the planting season for the 2027 winter wheat crop, which is set to begin in roughly a month.

Wheat - Stats

Wheat fell to 672.01 USd/Bu on August 17, 2026, down 0.41% from the previous day. Over the past month, Wheat's price has fallen 0.29%, but it is still 33.67% higher than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Historically, Wheat reached an all time high of 1350 in March of 2022. Wheat - data, forecasts, historical chart - was last updated on August 17 of 2026.

Wheat - Forecast

Wheat fell to 672.01 USd/Bu on August 17, 2026, down 0.41% from the previous day. Over the past month, Wheat's price has fallen 0.29%, but it is still 33.67% higher than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Wheat is expected to trade at 682.20 USd/BU by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 734.94 in 12 months time.



Price Day Month Year Date
Soybeans 1,181.99 4.24 0.36% -3.59% 15.80% Aug/17
Wheat 672.01 -2.74 -0.41% -0.29% 33.67% Aug/17
Lumber 568.00 -1.00 -0.18% -9.77% -6.81% Aug/14
Cheese 1.67 -0.0120 -0.71% -0.83% -5.43% Aug/17
Palm Oil 4,714.00 4.00 0.08% 1.53% 3.38% Aug/17
Milk 16.54 -0.05 -0.30% 4.95% -4.89% Aug/14
Cocoa 5,773.00 54.00 0.94% 7.67% -28.26% Aug/15
Cotton 84.45 -0.355 -0.42% 7.00% 27.36% Aug/17
Rubber 221.30 -0.90 -0.41% 1.75% 31.57% Aug/14
Orange Juice 145.05 5.50 3.94% 4.96% -39.66% Aug/16
Coffee 314.30 1.50 0.48% -3.81% -8.01% Aug/14
Oat 326.28 2.5297 0.78% -4.60% -3.18% Aug/17
Wool 1,873.00 0 0% -1.47% 51.17% Aug/17
Rice 13.98 -0.2150 -1.51% -0.14% 11.08% Aug/17
Canola 818.21 -0.69 -0.08% 0.99% 25.55% Aug/17
Sugar 16.54 -0.06 -0.36% 11.61% 1.79% Aug/17
Corn 460.57 1.5665 0.34% 2.46% 20.25% Aug/17



Related Last Previous Unit Reference
United States Corn Stocks 5.29 9.02 Billion Bushels Jun 2026
United States Soybean Stocks 1.06 2.10 Billion Bushels Jun 2026
United States Wheat Stocks 0.92 1.30 Billion Bushels Jun 2026

Wheat
Wheat is one of the most important staple crops globally, serving as a key source of food for human consumption and animal feed. Its prices are closely monitored due to their impact on food security, inflation, and global trade flows. Wheat futures are traded on major exchanges, including the Chicago Board of Trade (CBOT), Euronext, Kansas City Board of Trade (KCBT), and the Minneapolis Grain Exchange (MGEX). Standard contracts typically represent 5,000 bushels. On the supply side, China, India, Russia, the United States, France, Australia, and Canada are among the largest producers globally. Russia is the leading exporter, followed by the United States, Canada, France, Ukraine, Australia, and Argentina. Prior to the Russian invasion of Ukraine, Russia and Ukraine together accounted for a significant share of global wheat exports. Wheat prices displayed on Trading Economics are based on over-the-counter (OTC) and contract for difference (CFD) financial instruments and are intended to provide a general market reference only. These prices do not represent official benchmark prices. The data is supplied by a third party and, while efforts are made to ensure its reliability, Trading Economics does not verify the data and makes no representations or warranties.
Actual Previous Highest Lowest Dates Unit Frequency
672.01 674.75 1350.00 212.50 1977 - 2026 USd/BU Daily

News Stream
Wheat Futures Hover Near 1-Month High
Wheat prices traded around $6.7 per bushel in mid-August, remaining at its highest level since July 24, as escalating tensions in the Black Sea continued to fuel concerns over global grain supplies. Russia rejected the prospect of a Black Sea ceasefire with Ukraine, saying it saw no basis for “half-measures” that would provide relief to its opponent. Russia and Ukraine have intensified attacks on commercial shipping in the Black Sea in recent weeks, disrupting trade flows and driving grain prices higher. Reflecting these risks, the US Department of Agriculture lowered its outlook for Russian and Ukrainian grain exports, cutting its forecast for Russia’s 2026/27 wheat exports to 46 million tonnes and Ukraine’s to 13.5 million tonnes. Additional support came from deteriorating crop conditions in the southern US Plains, where persistent dryness has raised concerns ahead of the planting season for the 2027 winter wheat crop, which is set to begin in roughly a month.
2026-08-17
Wheat Soars as Black Sea Tensions Escalate
Wheat prices climbed more than 3% to around $6.70 a bushel on Friday, reaching a three-week high and bringing weekly gains to over 5%, the strongest performance since mid-July. The rally followed reports of a Ukrainian strike on a Russian Baltic port and Moscow’s rejection of a proposed Black Sea truce, reviving concerns over grain export disruptions. Ukraine’s military said it targeted a gas condensate processing facility at Ust-Luga, raising fresh worries about the security of Russia’s export infrastructure despite no reported damage to grain facilities. Earlier in the week, Ukrainian authorities had reportedly proposed halting attacks on civilian targets in the Black Sea, but Russia rejected the idea of a ceasefire. The risks are significant for global wheat supplies, as Russia and Ukraine are expected to account for nearly 30% of world wheat exports in the 2026/27 season.
2026-08-14
Wheat Climbs as Black Sea Supply Risks Mount
Wheat prices climbed more than 2% to above $6.60 a bushel on Friday, bringing weekly gains to over 4%, the strongest performance since mid-July. The rally was driven by growing concerns over disruptions to Black Sea exports amid the Russia-Ukraine conflict. Russia and Ukraine remain critical to the global wheat market, together accounting for almost 30% of projected world wheat exports in the 2026/27 season, leaving prices particularly vulnerable to prolonged interruptions. Supply concerns intensified after Russia halted grain loadings at its main Black Sea and Azov Sea ports. Operations at all three major terminals in Novorossiysk have now been suspended following Ukrainian drone attacks earlier in the week. The disruptions could force Russia to reduce exports further this month, tightening global availability. However, there were signs of a possible diplomatic opening, with Ukraine reportedly proposing that both sides stop attacks on civilian targets in the Black Sea.
2026-08-14